Regulation 10 Issue of excess allowancesI1
United Kingdom
Where it comes to the notice of the Environment Agency that it has issued to an account holder allowances in excess of the number of allowances which have been validly requested and paid for, then as soon as reasonably practicable the Environment Agency must—
cancel the excess allowances; and
notify the account holder that the allowances have been cancelled.
Paragraph (1) does not apply where an account holder has sold or otherwise dealt in any excess allowances.
In that event the Environment Agency—
must not cancel the excess allowances; and
may require that account holder to pay the amount which would have been payable for the allowances determined in accordance with regulation 7 multiplied by the number of excess allowances.
If payment required under paragraph (3) is not received in full by a date specified by the Environment Agency, any outstanding amount is payable by the participant on demand by the Environment Agency and each member of a group is jointly and severally liable to comply with such a demand.
Any outstanding amount under paragraph (4) is recoverable as a civil debt due to the Environment Agency.